A CRITICAL ANALYSIS OF THE ROLE OF AN ACCOUNTANT IN EBONYI STATE TRANSPORT CORPORATION ABAKALIKI

The study is aimed at examining the role of an accountant in an organization using Ebonyi State Transport Corporation Abakaliki as a case study. A sample of one hundred (100) stuffs of Ebonyi State Transport Corporation Abakaliki were selected from the entire population of one hundred and twenty two (122) stuffs of Ebonyi State Transport Corporation Abakaliki including the management, using the stratified simple random sampling technique to carry out the study. Data were analyzed using statistical mean (x) and it was found out that although Ebonyi State Transport Corporation Abakaliki keeps accounting records but just a few of this records are kept by the accountant. It was concluded that management of Ebonyi State Transport Corporation Abakaliki enjoys a profit but this scantly records of account kept by its accountant has reduce its exploiting rate of productivity and profitability which has made the organization undergo a profit at a decreasing rate. It was then recommended that the management of Ebonyi State Transport Corporation should always value and appreciate the role of an accountant in an organization because an accountant add value to an organization they determine the survival, performance/operation growth and achievement of the organizational goal. Thus, accountants impact on a business/organizational effectiveness and efficiency.

A CRITICAL
ANALYSIS OF THE ROLE OF AN ACCOUNTANT IN EBONYI STATE TRANSPORT CORPORATION
ABAKALIKI

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Kindly indicate by ticking (V) to
the appropriate column to express your view about the statement.

1. What
are the Roles of an Accountant in an Organization?

S/N

ITEMS

SA

A

D

SD

1.

Preparation
and presentation of timely and accurate financial reports to management.

2.

Identification
of areas of inefficiency and wastage of resources.

3.

Treasuring
function – raising financial, cash management

4.

Setting up
effective system of internal and accounting controls.

5.

Preparation of
feasibility reports

6.

Investigation
of the performance/operations of competing business organization to assist
management in policy formulation.

7.

Assisting the
organization to avoid – rather than evade – tax by using his knowledge of the
tax laws.

2. To What Extent Does an Accountant
Assist the Management of an Organization in Achieving Organizational
Effectiveness in Operation?

S/N

ITEMS

VGE

GE

LE

VLE

9.

Financial Data
Management

10.

Analysis and
Advice

11.

Financial
Report Preparation

12.

Compliance

13.

External
Business Affiliations

3. To What Extent Does an Accountant Assist
the Management in Achieving Organizational Efficiency in the Budgeting Process?

S/N

ITEMS

VGE

GE

LE

VLE

14.

Planning the
cost action that helps to foresee the future transaction

15.

Accountants
provide information to management of an organization that assists them to
arrange the financial obligations coming in the business process.

16.

Accountants
provide information that helps the management of an organization to ascertain
that the prepared budgets works in conjunction with long terms goals of the
firms

4. To
What Extent does an Accountant Help an Organization to Achieve it’s Goal?

S/N

ITEMS

VGE

GE

LE

VLE

17.

Timeliness of
Reports

18.

Cost –
effective against waste

19.

Information
provider for effective business plan

20.

Provision of
reliable information for organizational survival

5. What are the Strategies to Improving
Effectiveness and Efficiency of an Accountant?

S/N

ITEMS

SA

A

D

SD

21.

Non –
management Interference and Opposition

22.

Effective and
efficient in supply of information

23.

Training and
retraining of accountant

24.

Allowing an
accountant to handle/keep the financial statement record

25.

Provision of
working facilities

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